HomeMy WebLinkAboutORD 74-61Il
ORDINANCE NO.
ENTITLED AN ORDINANCE PROVIDING FOR THE LEVYING,
ASSESSING AND COLLECTING OF AD VALOREM TAXES FOR
THE YEAR 1974 FOR THE PURPOSES OF PROVIDING A
GENERAL FUND, A CAPITAL IMPROVEMENTS FUND, AND A
SINKING FUND TO MEET THE PAYMENT -.OF ALL BONDED
INDEBTEDNESS OF THE CITY OF BEAUMONT AND THE PAY-
MENT OF ACCRUING INTEREST THEREON; AND PROVIDING
FOR SEVERABILITY.
BE IT ORDAINED BY THE CITY OF BEAUMONT, TEXAS:
Sectiori '1.
That there shall be and is hereby levied and shall be assessed
and collected for the year 1974, for municipal purposes only, an ad
valorem tax of One Dollar and Fifty -Nine Cents ($1.59) on each One Hun-
dred Dollars' ($100) worth of property located within the present city
limits of the City of Beaumont made taxable by law, which said taxes
when collected shall be for purposes hereinafter set forth as follows,
to -wit:
For the General Fund - $ 1.195
For the Capital Improvements
Program Fund .02
For the purpose of paying the
accruing interest and to pro-
vide a sinking fund for the
payment of the entire bonded
indebtedness of the City of
Beaumont .375
Section '2.
If any section, subsection, sentence, clause, phrase, or portion
of this ordinance is for any reason held invalid or unconstitutional by
any court of competent jurisdiction, such section, subsection, sentence,
clause, phrase, or portion shall be deemed a separate, distinct and in-
dependent provision and such holding shall not affect the validity of
the remaining portions hereof.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the
day of , 1974.
ayor -